The global chlorinated polypropylene market is set to reach a valuation of US$ 388 million in 2022 and expand at a CAGR of 8.1% to end up at US$ 844.3 million by 2032.
Chlorinated polypropylene demand for use in paints and coatings accounted for 26.3% of the global market share at the end of 2021.
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How is the Growing Paints & Coatings Industry Driving Demand for CPP?
Architectural and decorative coatings are paints that majorly use chlorinated polypropylene in the construction industry. Rapid growth in infrastructure in developing countries is driving the demand for raw materials such as chlorinated polypropylene in the paint industry. CPP is majorly used to enhance the durability and finishing of paints and coatings.
Increase in construction and infrastructure activities in Asia Pacific is one of the main reasons why the chlorinated polypropylene market is growing. Developing countries such as India still present scope for a lot of development in infrastructure for providing support to industries to stimulate economic growth and improve the quality of life of residents.
Consumption of paints & coatings in industrial and decorative applications is expected to witness robust growth during the forecast period. A significant share of overall chlorinated polypropylene consumption is held by the paints and coatings industry. Anticipated steady growth in the consumption of paints and coatings is expected to drive the need for chlorinated polypropylene over the coming years.
Competitive Landscape
The world’s topmost manufacturers of chlorinated polypropylene products are employing sustainable technologies and optimization systems for diverse end-use industries.
Key manufacturers are focusing on developing new product designs that help increase durability and also enhance the gloss effect of printing.
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Key Companies Profiled
- Anhui Elite Industrial Co. Ltd
- Eastman Chemical Company
- Nippon Paper Group
- Golden Success Chemical Co., Ltd
- Haihang Industry Co. Ltd
- iSuoChem
- N Shashikant & Co.,
- Sundow Polymer Co., Ltd
Segmentation of Chlorinated Polypropylene Industry Research
- By Form :
- Liquid Chlorinated Polypropylene
- Water-borne
- Solvent-borne
- Powder/Solid Chlorinated Polypropylene
- Liquid Chlorinated Polypropylene
- By Function :
- Primers
- Adhesives
- By Application :
- Paint & Coating Production
- Ink Production
- Gravure Inks
- General Inks
- Special Purpose Adhesive Production
- Construction
- Automotive
- Interiors
- Exteriors
- Others
For More Insights of Fact.MR :- https://www.globenewswire.com/en/news-release/2022/08/03/2491922/0/en/Paints-Coatings-Industry-to-Consume-Most-Chlorinated-Polypropylene-Produced-Says-Fact-MR.html